ECON 7051 - Intermediate Econometrics IID
North Terrace Campus - Semester 1 - 2014
General Course Information
Course Code ECON 7051 Course Intermediate Econometrics IID Coordinating Unit School of Economics Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Assumed Knowledge Introductory Statistics, Microeconomics & Macroeconomics Restrictions Available to MFin&BusEc, GradCertEc, GradCertIntEc, GradDipIntEc, GradDipAppEc & MHlthEco&Pol students only Course Description This course provides an introduction to the econometric techniques used to analyse data sets in economics, business and finance. It builds on basic statistics, inference and regression as covered in introductory statistics courses. The focus is on understanding the methods involved, using statistical software to provide the results and then interpreting and commenting on these results. The course reviews basic statistics, regression and inference, and then introduces multiple regression analysis, which remains the most commonly used statistical technique in econometrics. The remainder of the course considers various practical aspects of linear regression models and may include dummy variables, different functional forms and the consequences of violation of the classical regression assumptions.
Course Coordinator: Patricia SourdinSemester 1
Course Coordinator: Dr Nicholas Sim
Office hours: will be held by the lecturer on Monday 4-5pm or by appointment onlyOffice location: Nexus 10, Level 4, Room 4.46
Telephone: 8313 4927
Course Coordinator: Dr Patricia Sourdin
Office location: Nexus 10
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning Outcomes
The course aims to achieve the following outcomes. It will provide students:
1. with knowledge on the fundamentals of econometrics and its application
2. with knowledge and proficiency on the use of statistical packages for econometric and statistical analysis
3. with the ability to conduct independent data analysis and inquiry using the tools of statistics and econometrics
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1,2 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1,2 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1,2 A proficiency in the appropriate use of contemporary technologies. 2,3
The required textbook is Principles of Econometrics, 4th Edition, Wiley by R. Carter Hill, William E. Griffits and Guay C. Lim.
The recommended book to accompany the required text is Using Stata for Principles of Econometrics, 4th Edition, by Adkins and Hill.
MyUni Course WebPage provides lecture notes and other course materials. Please check this page frequently for important announcements and corrections.
Learning & Teaching Activities
Learning & Teaching Modes
Classes will meet three times a week: twice for a 1-hour lecture on Tuesday 2-3pm at Napier 102 Lecture Theatre and Thursday 3-4pm at The Braggs, G76 Bragg Lecture Theatre, and once for a 2-hour tutorial depending on the time slot students sign up for. Office hours will be held by the lecturer on Monday 4-5pm or by appointment only. Office hours with tutors will be announced in due course. Please adhere strictly to the designated office hours.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The standard undergraduate workload for a full-time student is 48 hours per week which equates to 12 hours per 3 unit course. This course has four hours of lectures and tutorials each week, which means that students should undertake eight hours of self-study each week of the teaching term.
Weekly homework assignments are issued each week. The lecturer will choose two of the weekly homework assignments to be submitted and graded. All students may be asked to present their solutions during each tutorial session.
Note that postgraduate students are expected to perform additional tasks (may be computational in nature) during tutorial sessions.
Learning Activities SummaryThe course is held from 3 March to 10 June 2014. There are two one-hour lectures per week and one two-hour tutorial per week. The full timetable of all activities for this course can be accessed from the Course Planner at https://access.adelaide.edu.au/courses/search.asp?year=2014 .
The required textbook is Principles of Econometrics, 4th Edition, Wiley by Hill, Griffiths and Lim (HGL). Another useful book, but not required for the course, is Using Stata for Principles of Econometrics by Adkins and Hill.
The tentative outline of the course (subject to change) is:
- Introduction to Econometrics (HGL chapter 1)
- Introduction to Basic Statistics and Probability (HGL Probability Primer)
- The Simple Linear Regression Model (HGL Chapter 2)
- Interval Estimation and Hypothesis Testing (HGL Chapter 3)
- Prediction, Goodness of Fit and Modeling Issues (HGL Chapter 4)
- The Multiple Linear Regression Model (Chapter 5)
- Further Inference in the Multiple Regression Model (Chapter 6)
- Using Indicator Variables (Chapter 7)
- Heteoskedasticity (Chapter 8)
Specific Course Requirements
Homework completion may require access to STATA. If you do not have STATA at home, you may use the computer labs on campus. Please refer to http://www.adelaide.edu.au/its/student_support/labs/ for further details.
For course related questions, students are encouraged to utilise the designated office hours of the lecturer. Questions over the telephone are strongly discouraged.
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Students will be assessed based on the following:
Homework assignments and class participation 10% Mid-term test 30% Final examination 60%
Unless informed otherwise, the mid-term test will be scheduled on Week 7 (Tuesday, 29 April 2014) during the 2-3pm lecture. Unless instructed otherwise, students are permitted to bring in an A4 size cheat sheet with both sides written for the mid-term test and final exam.
Assessment Related RequirementsAttendance in class and tutorials is required.
Homework will be posted each week. The lecturer will choose two of the weekly homework assignments to be submitted and graded. For homework to be turned in, missed or late submissions will not be accepted and will be graded 0. Supplementary test or examination will not be given to replace the missed ones. Unless there are valid reasons and documentations, missed test or examination will be graded 0. Please refer to the Modified Arrangements for Coursework Assessment Policy http://www.adelaide.edu.au/policies/3303 (and the Schedule to the Policy) for further details about eligibility and application forms.
SubmissionSubmission of the assignments is required as per instructions on MyUni.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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